LATEST NEWS
Pakistan achieves landmark Rs400bn Energy Sukuk settlement, investors’ eye more moves in Oil and Gas sector
ARIF HABIB LTD PLAYED A VITAL ROLE: CIRCULAR DEBT RESOLUTION PSMU Exclusive: KARACHI: In a major milestone for Pakistan’s financial and energy sectors, Arif Habib Limited (AHL)facilitated the country’s largest-ever debt market transaction with the landmark PKR 400 billion settlement involving Energy Sukuk Type: PESC-1 and PESC-2. This significant deal, aimed at resolving Pakistan’s ongoing […]
PSX Closing Bell: Market Holds Its Ground
The benchmark KSE-100 Index concluded Tuesday’s trading session at 169,456.38, showing an increase of 1,153.14 points or 0.69%. The index remained positive throughout the day showing an intraday high of 169,601.03 (+1,297.79) and a low of 168,880.21 (+576.97) points. Market sentiment continued to draw strength from Pakistan’s improving macroeconomic backdrop following the IMF Executive Board’s approval of […]
Population growth puts strain on Pakistan’s water resources: ADB
ISLAMABAD: With more than 80 per cent of its population lacking access to clean drinking water, Pakistan faces water insecurity, both in terms of quality and quantity, despite minor improvement over the past 12 years amid implementation gaps. “Pakistan faces growing pressure on its water resources due to rapid population growth, climate change, and poor […]
Premium textile forms UAE subsidiary
Premium Textile Mills Limited (PSX: PRET) states that its Board of Directors has approved the establishment of a wholly owned subsidiary in the United Arab Emirates. Premium Textile Mills Limited has approved a $4.15 million investment to install a new 7.5MW wind turbine, strengthening its shift toward clean energy. The company already operates 20MW of […]
IMF review shows Pakistan’s economic resilience, says Aurangzeb as $1.2bn tranche approved
PM Shehbaz hails CDF Field Marshal Munir, economic team for implementation of reform agenda The International Monetary Fund’s (IMF) Executive Board has approved a $1.2 billion loan for Pakistan after completing the second review of the country’s economic reform program under the Extended Fund Facility (EFF) and the first review under the Resilience and Sustainability […]
FPCCI President Atif Ikram Sheikh attends key meeting at ICCI
ISLAMABAD: President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Atif Ikram Sheikh, attended a grand meeting at the Islamabad Chamber of Commerce and Industry (ICCI) to deliberate on the pressing issues faced by the business community and the industrial sector. The meeting was attended by ICCI President Sardar Tahir Mehmood, Chairman […]